True long Investors at Mercy of Unscrupulous TRADERSI belong to the paid chat rooms of Chart Man Day - I was give the sell order at 10:15 just over $ 12
Secret - look at yesterday's 3 charts of Canopy and Aurora and Aphria at Exactly 10:30 am
Professional co-ordinated trifecta short attack and resultant bounce short covering
The Longs are being played by traders for profit without regard for company specifics
they don't give 2 hoots what a company will do or become or who will win or lose
All they need is :
1. A real Solid company story with future potential and public hype and hope for July 1 2018 prize
2. Hot sector (Cannabis) flush with money and "investors" looking to get rich quick
3. High Volume of shares traded
4. High Liquidity of number shares outstanding
The 5 % to 10 % to 20 % daily swings in Cannabis stocks up and down gives the thousands of pro traders millions of dollars profits (Cryptocurrency is the other sector being played)
the chat rooms are connected worldwide (North America and Europe) from central Wall Street and the computer Algorithms are set daily
Aurora was a special case with paid workers running up the sp from under $ 3 to over $ 8
in order to offer inflated shares to Cannimed hostile bid (only took 4 CMED large shareholders to give ACB the 38 % locked up shares for a fee) and also for the insiders to dump millions at the top.
Who is behind all this trading manipulation ?
The black market Marijuana billions run by bikers and the Mob will be eventually displaced into legal government control but as they say " if you can't beat them - join them"